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SCRIP ELECTION/ DISTRIBUTION/ DRP::CHOICE

Closed
by April 21, 2017 General


Scrip Election/ Distribution/ DRP::Choice

Issuer & Securities

Issuer/ Manager

FAR EAST ORCHARD LIMITED

Security

FAR EAST ORCHARD LIMITED ­ SG2P56002559 ­ O10

Announcement Details

Announcement Title

Scrip Election/ Distribution/ DRP

Date & Time of Broadcast

20­Apr­2017 17:49:55

Status

New

Corporate Action Reference

SG170420DVOPEXQ2

Submitted By (Co./ Ind. Name)

Phua Siyu, Audrey

Designation

Company Secretary

Dividend/ Distribution Number

Not Applicable

Dividend/ Distribution Type

Final

Financial Year End

31/12/2016

Declared Dividend/ Distribution Rate (Per Share/ Unit)

SGD 0.06

Event Dates

Record Date and Time

15/05/2017 17:00:00

Ex Date

11/05/2017

Cash Payment Details

Election Period

23/05/2017 TO 09/06/2017

Default Option

Yes

Option Currency

Singapore Dollar

Payment Type

Tax Exempted (1­tier)

Gross Rate (Per Share)

SGD 0.06

Net Rate (Per Share)

SGD 0.06

Pay Date

03/07/2017

Gross Rate Status

Actual Rate

Security Option Details

Election Period

23/05/2017 TO 09/06/2017

New Security ISIN

SG2P56002559

New Security Name

FAR EAST ORCHARD LIMITED

Security Not Found

No

Attachments

FEOR­ Ann BCD FY2016_FINAL.pdfFEOR­Application of Scheme FY2016 _FINAL.pdf Total size =64K

Applicable for REITs/ Business Trusts/ Stapled Securities

Tweet 0Share

(Incorporated in the Republic of Singapore) Company Registration No. 196700511H


FIRST AND FINAL ONE-TIER TAX EXEMPT DIVIDEND OF S$0.06 PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016

NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Members of the Company will be closed from 5.00 p.m. on 15 May 2017 (“Books Closure Date”) up to (and including) 16 May 2017 for the purpose of determining shareholders’ entitlements to the first and final one-tier tax exempt dividend of S$0.06 per ordinary share (“Share“) for the financial year ended 31 December 2016 (the “FY2016 Dividend“) which was approved by shareholders at the 49th Annual General Meeting of the Company held earlier today.

Duly completed transfers received by the Company’s Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd. at 50 Raffles Place #32-01, Singapore Land Tower, Singapore 048623 up to 5.00 p.m. on the Books Closure Date will be registered before entitlements to the FY2016 Dividend are determined.

Shareholders (being Depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with Shares as at the Books Closure Date will rank for the FY2016 Dividend.

The Company has announced the application of the Company’s Scrip Dividend Scheme to the FY2016 Dividend. Details are set out in a separate announcement dated 20 April 2017.

The FY2016 Dividend will be paid on or about 3 July 2017.

By Order of the Board

Phua Siyu, Audrey Company Secretary 20 April 2017

1

(Incorporated in the Republic of Singapore) Company Registration No. 196700511H


FAR EAST ORCHARD LIMITED SCRIP DIVIDEND SCHEME

APPLICATION OF THE SCHEME TO THE FIRST AND FINAL ONE-TIER TAX EXEMPT DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016

The Board of Directors of Far East Orchard Limited (the “Company”) is pleased to announce the application of the Far East Orchard Limited Scrip Dividend Scheme (the “Scheme”) to the first and final one-tier tax exempt dividend of S$0.06 per ordinary share (“Share”) for the financial year ended 31 December 2016 (the “FY2016 Dividend”) which was approved by shareholders at the 49th Annual General Meeting of the Company held earlier today.

The Scheme provides shareholders of the Company (“Shareholders”) with a choice to receive new ordinary shares in the Company (“New Shares”) in lieu of the cash amount of the FY2016 Dividend declared on the Shares held by them as at 5.00 p.m. on 15 May 2017 (the “Books Closure Date”), being the books closure date for the FY2016 Dividend.


Shareholders who wish to receive the FY2016 Dividend in CASH need not take any action, provided they have not previously made permanent elections. Shareholders who have previously made permanent elections (and whose permanent elections have not been cancelled) will receive New Shares in lieu of the cash amount of the FY2016 Dividend if they do not take any action.

APPLICATION OF THE SCHEME TO THE FY2016 DIVIDEND


  1. Eligibility to Participate

    All Shareholders entitled to the FY2016 Dividend will be eligible to participate in the Scheme in respect of all (and not part only) of the FY2016 Dividend, subject to the restrictions on Overseas Shareholders (defined below) and those with small holdings of Shares, as described below.

    Shareholders with registered addresses outside Singapore (“Overseas Shareholders”), and who have not provided to the Company or (as the case may be) The Central Depository (Pte) Limited (“CDP”) with an address in Singapore for the service of notices and documents latest by 5.00 p.m. on 5 May 2017 will not be eligible to participate in the Scheme. Shareholders whose small holdings of Shares would result in their receiving zero New Shares under the Scheme will also not be eligible to participate in the Scheme.


    An Overseas Shareholder who wishes to be eligible to participate in the Scheme should provide an address in Singapore for the service of notices and documents by notifying the Company c/o Boardroom Corporate & Advisory Services Pte. Ltd., 50 Raffles Place #32-01 Singapore Land Tower, Singapore 048623 or, if the Overseas Shareholder is a CDP depositor, to CDP at 11 North Buona Vista Drive, #06-07 The Metropolis Tower 2, Singapore 138589.

    Participation in the Scheme is subject to the requirement that such participation will not result in a breach of any other restriction on such Shareholder’s holding of Shares which may be imposed by any statute, law or regulation in force in Singapore or any other relevant jurisdiction, or by the Company’s Constitution.


  2. Election Notice

Notices of election (“Election Notices”) will be dispatched to eligible Shareholders on or about 23 May 2017.

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Far East Orchard Limited published this content on 20 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 April 2017 03:23:15 UTC.

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